> For a recession to start something fundamental has to change irreversibly. It seems like you're thinking of the last recession (2008), which included the col

> For a recession to start something fundamental has to change irreversibly. It seems like you're thinking of the last recession (2008), which included the collapse of major financial firms like Lehman. But most recessions are much less catastrophic. A recession just means a slowdown in the economy, usually defined as "two consecutive quarters of negative GDP growth".[1] [1] https://en.wikipedia.org/wiki/Recession#Definition https://en.wikipedia.org/wiki/Recession#Definition